CalSTRS has conducted an assessment of AB 340, the California
Public Employees’ Pension Reform Act of 2013, and its impact on
CalSTRS members and operations and outlined key changes.
Review of the actuarial methods and the economic and demographic
assumptions used from July 1, 2006, through June 30, 2010. The
results of this research are the basis for the actuarial
assumptions and methods used in actuarial valuations performed as
of June 30, 2011.
This report identifies the extent to which inflation has eroded
the purchasing power of benefits provided under the Defined
Benefit Program. This annual report is required by law and is
presented by the Teachers’ Retirement Board, the Governor and the
Legislature.
Your retirement benefit is based on a formula (Service Credit x
Age Factor x Final Compensation = Member-Only Benefit). How
confident are you in your understanding of how this formula
determines your Member-Only Benefit amount?
